Intel Corporation:

• June 2025 Costs:
  • Direct materials: $460,000
  • Direct labor: $280,000
  • Factory overheads: $240,000
  • Selling expenses: $160,000
  • Administrative expenses: $130,000
  • Units produced and sold: 32,000 units
  • Sales revenue: $1,600,000

Requirements:

1. Calculate the total manufacturing cost.
2. Compute the cost per unit.
3. Prepare an income statement.
4. Determine the net profit.